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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
445 70th Ave, Saint Petersburg, FL 33706
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-1396418
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Construction
CONCRETE BLOCKS
Total area
2,004 SF
Lot
0.11 ac (4,739 SF)
APN
36-31-15-05094-026-0010
UPID
US18-1396418
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$518k
Blend (final)
Blend
$535k
Owner & transaction history
Well Brothers Property LLC · 5 yrs held
Well Brothers Property LLC
since 2020
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$700,000
+17.4%
Neighborhood: shopping center
$635,000
+7.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Petersburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$595,000
Current use
AUTO REPAIR, GARAGE
$700,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$485,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $565k (Dec 2 2020)
Last sale anchor
$565k
Dec 2 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$267 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,981
Tax year 2023
Assessed value
$315,000
Assessed 2023
Previous assessed
$275,000
+14.5% YoY
Effective rate
1.58%
On assessed value
Land market value
$196,021
Improvement market value
$118,979
Total market value
$315,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1924
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
2,004 SF
Lot
0.11 ac (4,739 SF)
APN
36-31-15-05094-026-0010
UPID
US18-1396418
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$485,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1924
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Well Brothers Property LLC
Entity
Mailing address
209 HESPERIDES ST, TAMPA, FL 33609
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
Rieli Brothers Property LLC
—
Deed
related
$1,045,000 · Valley Bank
Dec 2, 2020
$565,000
Well Brothers Property LLC
David Lockhart Pa
Warranty Deed
$395,500 · Velocity Commercial Capital LLC
Jul 20, 2015
$660,000
David Lockhart Pa
St Petersburg Property Owners
Warranty Deed
—
May 10, 2012
—
St Petersburg Property Owners LLC
Pauline Kendrick
Quit Claim Deed
related
—
Oct 15, 2009
—
445 70th Avenue Land Trust
St Petersburg Prop Owners LLC
Quit Claim Deed
related
—
Jan 5, 2009
—
St Petersburg Prop Owners LLC
Pusser,brian & Patricia
Quit Claim Deed
related
—
Jan 4, 2007
$775,000
Brian Pusser
Fl Land LLC
Warranty Deed
$331,000 · First Community Bank America
Feb 23, 2005
$494,300
Fl Land LLC
Fred Buns
Warranty Deed
$265,000 · First Community Bank Of America
—
—
Brian Pusser
—
Deed Of Trust
related
$178,594 · First Community Bank America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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